Question : It can be defined as systematic, purposeful and creative activity of identifying a need and mobilising resources to achieve it.
 

Option 1: Entrepreneurship
 

Option 2: Entrepreneurship development
 

Option 3: Entrepreneur
 

Option 4: None of the above
 

Question : It is the process of improving their skills and knowledge of entrepreneurship various training and classroom programmes.
 

Option 1: Entrepreneurship
 

Option 2: Entrepreneurship development
 

Option 3: Entrepreneur
 

Option 4: None of the above
 

Question : It is the outcome of a dynamic process of interaction between a person and his environment.
 

Option 1: Entrepreneurship
 

Option 2: Entrepreneurship development
 

Option 3: Entrepreneur
 

Option 4: None of the above
 

Question : Statement 1: Richard defined entrepreneur as the agent who buys means of production at certain prices in order to sell the produce at uncertain prices in the future.
Statement 2: Entrepreneurship is a systematic, purposeful activity of identifying a need.
 

Option 1: Both are true 
 

Option 2: Both are false
 

Option 3: Statement 1 is true and statement 2 is false.
 

Option 4: Statement 1 is false and statement 2 is true.

Question : It aims to conduct a lawful business. The purpose of entrepreneurship is to create value for personal profit and social gain. 
Which characteristics of entrepreneurship is highlighted here?
 

Option 1: Systematic activity
 

Option 2: Lawful and purposeful activity
 

Option 3: Related to innovation
 

Option 4: Organisation of production

Question : It mobilises factors of production into a productive enterprise or firm.
Which characteristics of entrepreneurship is highlighted here?
 

Option 1: Systematic activity
 

Option 2: Lawful and purposeful activity
 

Option 3: Related to innovation
 

Option 4: Organisation of production